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Seiu Uhw

All articles tagged with #seiu uhw

california-politics2 hours ago•4 min saved

California Democrats Back Billionaire Wealth Tax, Splitting From Newsom and Unions

California’s Democratic Party executive board endorsed a November ballot measure to tax billionaire wealth with a one-time 5% levy, moving in line with progressive advocates like Rep. Maxine Waters and Bernie Sanders but clashing with Gov. Gavin Newsom and major unions; supporters argue it would fund healthcare and public services, while opponents warn it could hurt budgets and drive the ultrawealthy out of state, and rivals are mounting efforts to undercut Prop 40.

via Politico|

#billionaire-tax #california-democrats #california-politics

politics1 month ago•17 min saved

CA Billionaire Tax Eyes Ballot Path to 2026 Vote

Backers say the California Billionaire Tax Act would impose a one-time 5% wealth tax on residents with net worth over $1 billion (assets include equity, securities and collectibles) payable in five installments starting in 2027, with a 7.5% fee on the unpaid balance, to fund hospitals, healthcare jobs, K-14 education and food assistance. California election officials say there are enough signatures to place the measure on the November ballot, but it faces strong opposition from Gov. Gavin Newsom and others and may still be blocked. The measure would affect an estimated 255 taxpayers, though some ultra‑wealthy residents have relocated; critics warn of wealth flight and economic harm, while supporters argue it would address wealth inequities and sustain essential public services. Federal wealth tax proposals exist but have not advanced.

via Yahoo Finance|

#ballot-measure #billionaires #california

politics1 month ago•28 min saved

California Billionaire Tax Qualifies for November Ballot, Stoking Healthcare Funding Debate

A union-backed measure would impose a one-time 5% tax on California residents with net worth above $1 billion to raise about $100 billion for healthcare (90%), education, and food assistance; it has qualified for the November ballot despite opposition from Gov. Gavin Newsom and billionaire opponents like Sergey Brin, while attracting support from Bernie Sanders and others, with legal challenges and questions about potential capital flight looming as voters weigh the proposal.

via CalMatters|

#bernie-sanders #billionaire-tax #california-ballot

politics5 months ago•4 min saved

Sanders pushes California billionaire wealth tax amid heated debate

Bernie Sanders urged California voters to approve a one-time 5% wealth tax on assets above $1 billion to offset federal health and education cuts, arguing it would curb oligarchic power and reinforce democracy. The proposal, backed by SEIU-UHW, faces strong opposition from Gov. Gavin Newsom and tech leaders like Sergey Brin who are funding countermeasures. Organizers are gathering signatures to put the measure on the November ballot; if approved, the tax would retroactively apply to wealth in 2025 and affect about 200 residents, with the nonpartisan LAO noting potential tens of billions in revenue but significant uncertainty if wealthy residents depart. A January poll shows about 48% support, 38% oppose, and 14% undecided, underscoring the proposal’s political risk in deep-blue California.

via The Guardian|

#bernie-sanders #billionaires #california

california-politics6 months ago•6 min saved

Newsom seeks off-ramp to California’s billionaire tax push

California Governor Gavin Newsom is quietly pursuing an off-ramp with SEIU‑UHW’s billionaire wealth tax initiative to avert a November ballot fight, but no deal is imminent. Newsom opposes the current proposal, arguing it could harm California’s economy and tax base, while unions say the measure is needed to address federal cuts and prevent healthcare job losses; the battle could shape state finance and Silicon Valley dynamics and may influence Newsom’s political standing ahead of a possible 2028 run.

via Politico|

#billionaire-tax #california-ballot-initiative #california-politics

laborhealthcare2 years ago•2 min saved

"Upcoming Strike Threatens Largest US Health Care Workforce"

The labor contract for over 75,000 unionized health care workers across five states and Washington, DC, is set to expire, potentially leading to the largest health care strike in US history. The workers, who are part of a coalition of eight unions, plan to strike from October 4 to October 7 if a labor deal is not reached. While hospital management, doctors, and registered nurses are not part of the strike, patients at Kaiser Permanente facilities may be affected. The coalition is asking for raises, job protections, updates to retiree benefits, and a plan to address staffing shortages. Negotiations are ongoing, with a deadline set for Saturday night.

via CNN|

#health-care #kaiser-permanente #labor-contract